Mortgage and Financial News From 2008-9-22 Page 15
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Candidates clash over the economy - Los Angeles Times
GREEN BAY, WIS. -- John McCain and Barack Obama clashed sharply over the economy Friday as the two campaigns intensified their heated confrontation over who can best address the nation's volatile financial markets. McCain provided more detail about ...
2008-09-19 10:37:00 -
Bush plans 'bold' mortgage bail-out - MSN UK News
US President George Bush pledged to work with Congress to quickly pass a financial bail-out bill and said he acted after fearing that troubles engulfing Wall Street would spread to Main Street. Describing himself as a free market advocate, the ...
2008-09-20 07:48:00 -
Wall Street's Woes May Be Wall Street's Fault, U.S. Chiefs Say (Bloomberg.com)
Sept. 22 (Bloomberg) -- The U.S. financial institutions that will receive $700 billion of government rescue money may have been the source of their own undoing, say the people who pay the industry's salaries: its clients.
2008-09-21 10:10:42 -
Loan Titans Paid McCain Adviser Nearly $2 Million (New York Times)
John McCain?s campaign manager played a role in helping the mortgage giants Fannie Mae and Freddie Mac beat back regulatory challenges.
2008-09-21 11:09:20 -
Is mortgage life insurance smart? (The Oklahoman)
DEAR DAVE • My husband and I just bought a great house for $150,000. He makes $50,000 a year, and I make about $30,000. We've been getting lots of different mortgage life insurance offers in the mail. They say they will pay off the house if one of us dies. Do you think we should take advantage of this? Blasha DEAR BLASHA • No! These kinds of offers are terrible, unless you're uninsurable. ...
2008-09-21 11:15:23 -
Wild week of crises (North Bay Business Journal)
Published: Sunday, September 21, 2008 at 4:42 p.m. Last Modified: Sunday, September 21, 2008 at 5:10 p.m.
2008-09-21 11:51:09 -
NYT: Loan Titans Hired McCain Aide (NBC 5 Chicago)
Senator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac.
2008-09-22 12:21:34 -
Economy now a painful breathing exercise (Baltimore Sun)
I hate to sound like Econ Barbie ("Math class is tough!"), but I think the entire American economy just got sucked into one of those black holes in space, and I have no idea how it happened.
2008-09-22 12:43:27 -
Don't let company stock dominate your 401(k) (The Lafayette Daily Advertiser)
One thing the past few months have taught us is this: No company is bulletproof.
2008-09-22 01:02:49 -
White House Home Stretch - Seattle Times
DEFINING MOMENT: Some call it The Speech — a 17-minute keynote address at the 2004 Democratic convention. Obama, then a Senate candidate from Illinois, walked on stage an unknown. He walked off a star. Commentators and politicians even touted him ...
2008-09-19 05:58:00 -
GE is dragged down along with banks - International Herald Tribune
Similarly, the company wants to sell its private-label credit card business in North America, where GE handles credit cards for companies like Wal-Mart Stores, IKEA, Brooks Brothers, Dillard's and Lowe's. That business is still profitable for GE ...
2008-09-21 08:55:00 -
Pastor says claims of fraud a result of a few bad deals - Palm Beach Interactive
STUART — When everyone was making money, everyone was happy. Or so Rodney McGill thought, especially when the one-time drug dealer from Fort Lauderdale seemed to be one of the richest black men in the Treasure Coast, the man to go to if you wanted ...
2008-09-20 05:57:00 -
Worthy endorses Oakland Co. prosecutor candidate - Detroit Free Press
With Wayne County Prosecutor Kym Worthy standing by her side Friday, Democratic candidate Jessica Cooper outlined the changes she plans to make if she is elected Oakland County prosecutor in November. Worthy formally endorsed Cooper at a news ...
2008-09-20 12:17:00 -
Wall Street worries the crisis is not yet over - Guardian Unlimited
Politicians on both sides of the Atlantic will be watching the markets anxiously tomorrow, amid fears that the euphoria that greeted Treasury Secretary Hank Paulson's plan to rescue American banks will give way to a renewed slump in the price of ...
2008-09-20 07:51:00 -
Hawthorne scores in fight against blight - Minneapolis Star Tribune
A north Minneapolis neighborhood that filed a groundbreaking careless-lending lawsuit against mortgage giant CitiMortgage has forced the lender to eat more than $200,000. The Hawthorne neighborhood has bought for just $18,900 a fire-damaged house on ...
2008-09-21 05:27:00